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/biz/ - Business & Finance


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23136805 No.23136805 [Reply] [Original]

I keep blowing accounts. Just blew a $1k account today. I think it’s because of risking more than 3% per trade. I’m curious, does biz have more success hodling say a 2k invested in a 20 coin portfolio Or A 2k day trading Account risking A minimum of 3% per trade?

>> No.23137719

>>23136805
Bump

>> No.23138775

Hold for me.

>> No.23138982

3% is nuts. I stick to 1%. If the conditions are right I'll even set stops at 0.5%

If you're blowing up an account in a day you need to go back and study proper risk management. You're obviously not using stop losses or calculating your proper position size

>> No.23139261

>>23136805
Long term hodling and it's not even close
1400% return over 3 years with buy and hold crypto portfolio
50% return over 2 years buy and hold stock portfolio
-100% return every time I set aside cash to day trade or play options

>> No.23139530
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23139530

I would guess that 99.99% of people in crypto who made fuck you money just bought and hold. BTC, ETH, LINK, whatever. The .01% were either developers who sod shitcoins and abandoned them, or insanely lucky people who made ludicrous buys, like going all in on Ample, selling the very top for ETH, buying LINK at $6, selling at $19, buying some pnd like CORE, selling the top again. Absolute degenerate coinflippers who will lose everything on rugpulls like BREE.

Unless you think you're luckier than 99.99% of people, just buy and hold good projects and you'll make it in a few years time. It's that easy.